By Bill Taylor, CEO / Digital Wealth News and AI & Finance
DISCLAIMER: The opinions expressed below are solely those of Bill Taylor & do not represent those of DWN or any affiliates. Any financial advice included here is for entertainment purposes only.
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Bearish for week of 3/18/25 ………. S&P 500, BITCOIN, ETH, GOLD
3/18/25 Closing Prices:
BTC: $82,009.39
ETH: $1,895.39
Gold: $3,000
S&P 500: 5614.66
Where were we? I missed last week. Personal stuff……not a vacation, damn. Oh yeah, warning of a huge market sell off. Its under way with some hiccups like last Friday. Short covering rallies are brutal. But, the trend in stocks and bitcoin/eth is down. Gold, bucking the downward trend.
Tomorrow (Wednesday) the Fed will finish its two day meeting and announce it doesn’t know what to do. They will hold interest rates steady and continue to carefully monitor the situation. Of course in much better fancy language. But behind closed doors it’s “What the Hell Do We Do.” Tariffs; more, less, back off, crack down, etc. etc. Good luck, J. Powell.
With financial markets in a state of flux and heading lower, it’s a good time to remind folks of some old adages; don’t try to catch a falling knife, don’t step in front of a locomotive (or a speeding semi) and realize if something goes down 50%, it has to go up 100% to get even. Bear market talk.
We are looking at a few months of bad news. If you realize that, it makes common sense to lighten up/get out before the end of the quarter. Like, next week. It’s likely first quarter GDP will have declined 2%-3%, spiking talk of recession. THAT is not yet in the markets.
Let’s talk bitcoin (and ETH). Currently bitcoin is holding around $80K and hitting resistance at around $85K. It holds well BUT it will not begin a new strong upside as long as the overall market goes down. Buyers are holding back. If the S&P 500 drops another 10%, bitcoin will see $75K (+/-) So, where will bitcoin be if the S&P goes to 5,000? Not up. Be patient and know there is downside before a new bull move takes over.
S&P 500? As mentioned (strongly) above, down down down. 5,000 and its going to get ugly. Enough said.
Gold. Over $3,000. It may very well see $5,000 and I may miss it, but I don’t like anything on the long side for a while. Oh well.
Hold your buying power and watch out. Work on your March Madness brackets.
2025 TARGETS:
- BITCOIN 2025……..?
- ETH 2025…………?
- GOLD 2025……….?
- S&P 500 2025……..4,850
Current trading positions:
- BITCOIN….NONE
- ETH….NONE
- GOLD….NONE
- SHORT….S&P 500
We compare the price of Bitcoin, Ethereum, Gold & the S&P 500. We use the CME Bitcoin Indexes (BRR & BRTI) and the CME Ethereum Indexes (ETH_RR_USD) & (ETH_RTI_USD) for reference as well as the London Bullion Market afternoon price settlement on the digital assets & gold.
Bill Taylor is CEO of Digital Wealth News. He is widely published & quoted in financial media and an international expert on markets and BTC, ETH, Gold & SP500.
His opinions are solely his own and for informative purposes only.
